New York State Common Retirement Fund Grows Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

New York State Common Retirement Fund raised its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 17.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 220,024 shares of the real estate investment trust’s stock after buying an additional 32,469 shares during the period. New York State Common Retirement Fund’s holdings in Community Healthcare Trust were worth $4,227,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CHCT. International Assets Investment Management LLC acquired a new stake in Community Healthcare Trust during the 3rd quarter valued at $231,000. Woodmont Investment Counsel LLC acquired a new stake in Community Healthcare Trust during the 3rd quarter valued at $182,000. State of New Jersey Common Pension Fund D grew its holdings in Community Healthcare Trust by 18.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 223,052 shares of the real estate investment trust’s stock valued at $4,048,000 after buying an additional 35,352 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Community Healthcare Trust during the 3rd quarter valued at $408,000. Finally, LMR Partners LLP acquired a new stake in Community Healthcare Trust during the 3rd quarter valued at $221,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Stock Up 0.2 %

CHCT stock opened at $18.74 on Friday. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $27.73. The stock’s fifty day simple moving average is $19.33 and its 200-day simple moving average is $18.46. The stock has a market capitalization of $530.96 million, a price-to-earnings ratio of -81.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. As a group, analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a $0.4675 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend is Monday, February 24th. Community Healthcare Trust’s dividend payout ratio (DPR) is -813.04%.

Analyst Ratings Changes

Several research firms have recently issued reports on CHCT. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Truist Financial raised their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.25.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.